Total (NYSE:TOT) Rating Lowered to Equal Weight at Morgan Stanley

Morgan Stanley downgraded shares of Total (NYSE:TOT) from an overweight rating to an equal weight rating in a research note published on Wednesday, Briefing.com Automated Import reports.

Other analysts also recently issued research reports about the stock. Citigroup downgraded shares of Total from a buy rating to a neutral rating in a research report on Tuesday, May 7th. Goldman Sachs Group reissued a buy rating and set a $70.00 target price on shares of Total in a research report on Monday, July 15th. Credit Suisse Group reissued a buy rating and set a $58.00 target price on shares of Total in a research report on Monday, July 15th. ValuEngine raised shares of Total from a sell rating to a hold rating in a research report on Monday, May 20th. Finally, HSBC reissued a buy rating and set a $58.50 target price on shares of Total in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $53.08.

NYSE TOT opened at $49.39 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.25. The company has a market cap of $127.04 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 1.29 and a beta of 0.67. The stock’s 50 day moving average price is $54.70. Total has a 52 week low of $49.18 and a 52 week high of $65.69.

Total (NYSE:TOT) last posted its quarterly earnings data on Thursday, July 25th. The oil and gas exploration company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.18). The firm had revenue of $51.24 billion for the quarter. Total had a return on equity of 10.68% and a net margin of 5.23%. Analysts anticipate that Total will post 4.94 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of Total in the 1st quarter valued at $25,000. Weaver Consulting Group purchased a new stake in shares of Total in the 1st quarter valued at $26,000. Financial Gravity Wealth Inc. purchased a new stake in shares of Total in the 1st quarter valued at $30,000. Personal Wealth Partners purchased a new stake in shares of Total in the 2nd quarter valued at $30,000. Finally, Enterprise Financial Services Corp boosted its holdings in shares of Total by 65.0% in the 1st quarter. Enterprise Financial Services Corp now owns 571 shares of the oil and gas exploration company’s stock valued at $32,000 after acquiring an additional 225 shares during the last quarter. 6.60% of the stock is currently owned by institutional investors and hedge funds.

Total Company Profile

TOTAL SA operates as an integrated oil and gas company worldwide. The company operates through four segments: Exploration & Production; Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services. The Exploration & Production segment is involved in exploration and production activities in approximately 50 countries, and produces oil or gas in approximately 30 countries.

Featured Article: What is included in the gross domestic product?

Analyst Recommendations for Total (NYSE:TOT)

Receive News & Ratings for Total Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total and related companies with MarketBeat.com's FREE daily email newsletter.